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2023
Flag → Flag
Exports $10.9BRnk 12 / 221
2023
Flag → Flag
Top Product $4.56BRefined Petroleum
2023
Flag → Flag
Exports $14.2BRnk 6 / 213
2023
Flag → Flag
Top Product $2.98BCoal Briquettes
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
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GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
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GDP PC $11,379CURRENT US$
Rnk 85 / 195
2013-2023
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GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195
2023
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GDP PC$4,876CURRENT US$
Rnk 123 / 196
2013-2023
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GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Malaysia-Indonesia Trade: In 2023, Malaysia exported $10.9B to Indonesia. The main products that Malaysia exported to Indonesia were Refined Petroleum ($4.56B), Machinery Having Individual Functions ($368M), and Ethylene Polymers ($334M). Over the past 5 years the exports of Malaysia to Indonesia have increased at an annualized rate of 4.37%, from $8.79B in 2018 to $10.9B in 2023.

In 2010, Malaysia exported services to Indonesia worth $1.83B, with Travel ($1.58B), Other business services ($119M), and Transportation ($92.5M) being the largest in terms of value.

Indonesia-Malaysia Trade: In 2023, Indonesia exported $14.2B to Malaysia. The main products that Indonesia exported to Malaysia were Coal Briquettes ($2.98B), Refined Petroleum ($1.78B), and Stearic Acid ($875M). Over the past 5 years the exports of Indonesia to Malaysia have increased at an annualized rate of 5.3%,  from $11B in 2018 to $14.2B in 2023.

In 2023, Indonesia did not export any services to Malaysia.

Comparison: In 2023,  Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B). That same year, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Latest Trends

November, 2024

About

Overview In November 2024, Malaysia exported MYR4.19B and imported MYR4.64B from Indonesia, resulting in a negative trade balance of MYR448M. Between November 2023 and November 2024 the exports of Malaysia have decreased by MYR-324M (-7.18%) from MYR4.51B to MYR4.19B, while imports decreased by MYR-708M (-13.2%) from MYR5.35B to MYR4.64B.

Trade In November 2024, the top exports of Malaysia to Indonesia were Refined Petroleum (MYR1.25B), Integrated Circuits (MYR159M), Acyclic Hydrocarbons (MYR93.4M), Ethylene Polymers (MYR87.7M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) (MYR83.4M). In November 2024 the top imports of Malaysia from Indonesia were Coal Briquettes (MYR1.29B), Palm Oil (MYR632M), Industrial Fatty Acids, Oils and Alcohols (MYR403M), Refined Copper (MYR300M), and Coconut Oil (MYR204M).

Growth In November 2024, the decrease in Malaysia's year-by-year exports to Indonesia was explained primarily by an decrease in product exports in Acyclic Hydrocarbons (MYR-54.3M or -36.8%), Other Electrical Machinery (MYR-52.6M or -82.4%), and Machinery Having Individual Functions (MYR-42.7M or -43.6%). In November 2024, the decrease in Malaysia's year-by-year imports  from Indonesia was explained primarily by an decrease in product imports  in Other Vegetable Oils (MYR-101M or -50.8%), Hot-Rolled Iron (MYR-90.2M or -85.2%), and Sulfate Chemical Woodpulp (MYR-59.6M or -92.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)MYR-324M(-7.18%)
IMPORT GROWTH (November 2023 - November 2024)MYR-708M(-13.2%)

This section shows exports and imports data at subnational level for Malaysia. Click any date in the line plot or any product to explore the exports or imports behavior of Malaysia over time.

To check Indonesia and Malaysia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Indonesia and Malaysia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Malaysia exported $10.9B to Indonesia. The main products exported from Malaysia to Indonesia were Refined Petroleum ($4.56B), Machinery Having Individual Functions ($368M), and Ethylene Polymers ($334M). During the last 5 years the exports of Malaysia to Indonesia have increased at an annualized rate of 4.37%, from $8.79B in 2018 to $10.9B in 2023.

In 2018, Indonesia exported $14.2B to Malaysia. The main products exported from Indonesia to Malaysia were Coal Briquettes ($2.98B), Refined Petroleum ($1.78B), and Stearic Acid ($875M). During the last 5 years the exports of Indonesia to Malaysia have increased at an annualized rate of 5.3%, from $11B in 2023 to $14.2B in 2018.

Exports from Malaysia (Flag) to Indonesia (Flag) (2023)

Exports from Indonesia (Flag) to Malaysia (Flag) (2023)

Market Competitiveness

Color
Malaysia
Top DestinationChina$79.8B
Indonesia
Top DestinationChina$70.7B

This map shows whether countries import more from Malaysia or Indonesia. Each country is colored based on the difference in imports they receive from Malaysia and Indonesia or the difference in the growth in imports.

In 2023, countries that imported more from Malaysia than Indonesia included Singapore ($47.3B), United States ($44.9B), and Hong Kong ($19.3B).

In 2023, countries that imported more from Indonesia than Malaysia included India ($24B), Philippines ($11.4B), and Japan ($23.7B).

Difference in imports from Indonesia (Flag) and Malaysia (Flag) (2023)

Comparative Advantage Malaysia - Indonesia

Flow
Scale

This chart compares trade between Malaysia and Indonesia by product, considering products traded by both, Malaysia and Indonesia.

During 2023, Malaysia had a large net trade with Indonesia in the exports of Mineral Products ($5B), Machines ($1.76B), and Chemical Products ($998M).

During 2018, Indonesia had a large net trade with Malaysia in the exports of Mineral Products ($5.23B), Animal and Vegetable Bi-Products ($2.33B), and Metals ($1.33B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Malaysia Indonesia+$700MRefined Petroleum
Top Product Potential Indonesia Malaysia+$473MCoal Briquettes

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Malaysia and Indonesia. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Indonesia. Similarly, a dot/product with the flag of Indonesia indicates it has a comparative advantage over Malaysia.

Product Space of Malaysia (Flag) and Indonesia (Flag) (2023)

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